P=30,000, N=10, S10 = 3221.23. Using double-declining balance method, find D7- 1565-1570 1570-1575 1575-1580 1580-1585 None...

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P=30,000, N=10, S10 = 3221.23. Using double-declining balance method, find D7- 1565-1570 1570-1575 1575-1580 1580-1585 None o

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Answer 1

Answer #1

d = 2/n = 2/10 = 0.2

Dep in any year m = P*(1-d)^(m-1) * d

Dep in year 7 = 30000*(1-0.2)^(7-1) * 0.2

= 30000*(0.8)^6 * 0.2

= 1572.64 ~ 1573 (which is in between 1570 - 1575)

Second option is correct answer

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Answer 2

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